TheCable News

Nigerian National Petroleum Company (NNPC) Limited says it did not direct marketers or review the ex-depot price and pump price of premium motor spirit (PMS), also known as petrol. Following the hike in diesel price, oil marketers made a case for the increment of petrol price, citing soaring transport costs.  Although the […]

The attorney general of Italy has decided to terminate the appeal against a judgment of the Court of Milan which had discharged and acquitted Shell, Eni and others of corruption allegation in the OPL 245 affair. Italian prosecutors had put the oil companies and some of their executives on criminal trial over allegations […]

Aliyu Abubakar, the property developer, has told a federal high court sitting in Abuja that the Economic and Financial Crimes Commission (EFCC) asked him to implicate former President Goodluck Jonathan and Mohammed Bello Adoke, former attorney-general of the federation, in money laundering.  Speaking under cross examination on Tuesday in the “trial within trial”, […]

The Redeemed Christian Church of God (RCCG) says Enoch Adeboye, its general overseer, will not endorse the presidential ambition of any candidate for the 2023 general election. The RCCG was reacting to online reports that Adeboye met Bola Tinubu, presidential candidate of the All Progressives Congress (APC), over the weekend.  The reports […]

President Muhammadu Buhari has given Adamu Adamu, minister of education, two weeks to resolve issues of contention regarding the strike by the Academic Staff Union of Universities (ASUU). The president gave the directive on Tuesday at a meeting with the minister and other stakeholders. ASUU has been on strike since February 14 […]

Ebun-Olu Adegboruwa, a senior advocate of Nigeria (SAN), says Nigerians will suffer if they continue to recycle politicians in leadership positions. In an opinion piece where he analysed the three major presidential candidates – Bola Tinubu, Atiku Abubakar and Peter Obi — the senior advocate said none of them is a perfect fit […]

The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 13 percent to 14 percent to tame rising inflation. In June, Nigeria’s inflation rate reached a five-year high at 18.60 percent. The monetary policy rate (MPR) is the baseline interest rate […]

The All Progressives Congress (APC) says it will officially unveil Kashim Shettima, former governor of Borno state, as the running mate of Bola Tinubu, presidential candidate of the party, on Wednesday. In a notice on Tuesday, Sulaiman Argungu, national organising secretary of the party, said the event will be held at Shehu Musa […]

President Muhammadu Buhari has unveiled the Nigerian National Petroleum Company Limited (NNPC) Limited.  The landmark event, which took place in Abuja on Tuesday, officially transformed the oil firm from a state-run oil corporation to a commercial venture.  On July 1, 2022, NNPC Limited legally transformed into a company whose operations and activities […]

Mike Igini, resident electoral commissioner of Akwa Ibom state, says it is an offence under the electoral act 2022 for politicians to obtain multiple nomination forms. “A person who signs a nomination paper or result form as a candidate in more than one constituency at the same election [commits an offence and is […]